Mortgage Lender Licensing Specialist
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Overview
Job Description
Angel Oak Mortgage Solutions is seeking a Licensing Specialist to join our team. The Licensing Specialist role is responsible for managing all NMLS activity and required regulatory filings to include the following: annual HMDA filing, state reports, Mortgage Call Reports (MCR), and Mortgage Banker Financial Reports (MBFR). This role is also responsible for maintaining SAFE Act compliance, supporting MLO licensing and continuing education, and pipeline auditing for HMDA data integrity.
Essential Duties and Responsibilities:
This position will be responsible for:
Reporting and Filings:
- Complete all Company and State Filings in NMLS, (MU1, MU2, and MU3s).
- File all Company State Reports as required: monthly, quarterly, semi-annually or annually in a timely manner.
- File all NMLS Mortgage Call Reports (MCR) and Mortgage Banker Financial Reports (MBFR) on or prior to the due date.
- Responsible for data accuracy in preparing the MCR, MBFR and all state specific filings as required. This includes direct coordination with operations, compliance, accounting and servicing.
- Responsible for performing monthly HMDA data integrity scrubs, in preparation of filing the annual LAR.
- Monitor and maintain the Annual Reports matrix to ensure timely processing of all state reports.
Licensing:
- Manage and oversee AOMS's compliance of the SAFE Act Policy.
- Responsible for ensuring Company Licensing and Individual (MLO) Licensing Rosters are maintained accurately.
- Ensure initial (MLOs') licensing applications are completed accurately and filed appropriately with each state.
- Ensure Renewal Filings for Loan Originators (MU4s) are completed timely and tracked accurately.
- Assist all individuals with the Continuing Education (CE) process and ensure information is provided in a timely manner, effectively monitored and accurately tracked.
Additional Responsibilities:
- Work with the Compliance department to ensure Encompass pipeline reports are accurate, loan decisions are timely and adverse actions are handled accordingly for filing purposes.
- Assist the Business Controls team in preparing for any State, Investor or Internal Audits within the required time frames. This includes testing assistance as needed.
- Work with the Quality Control Department to provide any assistance, as needed.
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